Asset manager Horizon Kinetics' Q2 net loss widens on mutual fund weakness

Horizon Kinetics Holding

13/08/2026 21:46

Overview
US investment advisory firm's Q2 revenue was flat yr/yr at $19 mln
Company's Q2 net loss widened to $18.4 mln, or $0.99 per share
Assets under management rose 12.1% year-to-date, driven by TPL holdings

Outlook
Company did not provide specific guidance or outlook for upcoming quarters or the full year in press release

Result Drivers
ETF REVENUE GROWTH - Co said Q2 management and advisory fee revenues included a 30% increase in revenues from its exchange-traded funds
SEPARATELY MANAGED ACCOUNTS - Revenues from separately managed accounts grew 8.6% in Q2, helped by an increase in new accounts
MUTUAL FUND REVENUE DECLINE - Gains were offset by a 17% decrease in revenues from mutual funds

Company press release: ID:nACSqLGK2a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
 
$19.04 mln
 
Q2 Operating Income
 
$2.97 mln
 

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)